1574-1576 Hornblend St
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1574-1576 Hornblend St
3,691 SF 100% Leased Retail Building San Diego, CA 92109 $4,339,498 CAD ($1,176 CAD/SF) 4.97% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Foot Traffic
- Four Ground Floor Retail Units
- Mixed Use - Two apartments/four retail
EXECUTIVE SUMMARY
Property Overview:
Discover a fantastic investment opportunity with this prime mixed-use property located at the bustling intersection of Ingraham St and Hornblende St in Pacific Beach. This property features two spacious apartments on the upper level and four versatile retail spaces on the ground floor. With all rents currently below market rate, there is significant potential for rent improvements and increased revenue.
Property Highlights:
• Mixed-Use Configuration: Two apartments on top, four retail spaces below
• Location: Situated at the corner of Ingraham St and Hornblende St, offering excellent visibility
• Proximity: Approximately one mile from the iconic Pacific Beach Pier
• Potential: Below-market rents provide ample opportunity for rent adjustments and enhanced returns
• Visibility: High-traffic area ensures great exposure for retail tenants
Residential Units:
• Two well-maintained apartments - 1 Bed/1 Bath apartments
• One vacant and fully remodeled
• Strong rental demand in this sought-after area
Retail Spaces:
• Four ground-floor retail units
• Suitable for a variety of businesses
• Excellent foot traffic and visibility
Investment Potential:
This property represents a rare chance to acquire a mixed-use asset in one of San Diego’s most desirable neighborhoods. The potential for rent improvements offers a clear path to increased cash flow and property value.
Neighborhood:
Pacific Beach is known for its vibrant community, beautiful beaches, and bustling commercial corridors. With its prime location, 4468 Ingraham St is perfectly positioned to benefit from the area’s growth and ongoing demand for residential and retail spaces.
Discover a fantastic investment opportunity with this prime mixed-use property located at the bustling intersection of Ingraham St and Hornblende St in Pacific Beach. This property features two spacious apartments on the upper level and four versatile retail spaces on the ground floor. With all rents currently below market rate, there is significant potential for rent improvements and increased revenue.
Property Highlights:
• Mixed-Use Configuration: Two apartments on top, four retail spaces below
• Location: Situated at the corner of Ingraham St and Hornblende St, offering excellent visibility
• Proximity: Approximately one mile from the iconic Pacific Beach Pier
• Potential: Below-market rents provide ample opportunity for rent adjustments and enhanced returns
• Visibility: High-traffic area ensures great exposure for retail tenants
Residential Units:
• Two well-maintained apartments - 1 Bed/1 Bath apartments
• One vacant and fully remodeled
• Strong rental demand in this sought-after area
Retail Spaces:
• Four ground-floor retail units
• Suitable for a variety of businesses
• Excellent foot traffic and visibility
Investment Potential:
This property represents a rare chance to acquire a mixed-use asset in one of San Diego’s most desirable neighborhoods. The potential for rent improvements offers a clear path to increased cash flow and property value.
Neighborhood:
Pacific Beach is known for its vibrant community, beautiful beaches, and bustling commercial corridors. With its prime location, 4468 Ingraham St is perfectly positioned to benefit from the area’s growth and ongoing demand for residential and retail spaces.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,691 SF
Building Class
C
Year Built
1954
Price
$4,339,498 CAD
Price Per SF
$1,176 CAD
Cap Rate
4.97%
NOI
$215,592 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.39
Lot Size
0.22 AC
Zoning
CC-4-2
Parking
15 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
116 ft on Ingraham Street
AMENITIES
- Corner Lot
- Restaurant
Walk Score®
Walker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 423-093-09 | Improvements Assessment | $803,369 CAD |
| Land Assessment | $1,353,053 CAD | Total Assessment | $2,156,422 CAD |
PROPERTY TAXES
Parcel Number
423-093-09
Land Assessment
$1,353,053 CAD
Improvements Assessment
$803,369 CAD
Total Assessment
$2,156,422 CAD
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1574-1576 Hornblend St
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